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M^0, an EVM protocol for stablecoin coordination, has expanded to Solana, the team told Lightspeed exclusively.

M^0’s (pronounced Em-Zero) first Solana user will be Kast, a platform offering banking-like services with stablecoins. The move comes as various and sundry actors bring new stablecoins to market, and M^0 hopes to unify the increasingly fragmented sector.

At a basic level, M^0 offers a stablecoin “building block” called $M — a kind of vanilla stable backed by US T-bills. Clients who want to launch their stablecoin effectively wrap $M and can customize things like yield or…

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